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The Present Value of a Future Sum Decreases as Either

question 82

True/False

The present value of a future sum decreases as either the discount rate or the number of periods per year increases, other things held constant.


Definitions:

Epicurus

An ancient Greek philosopher who founded Epicureanism, which teaches that happiness comes from pursuing pleasure and avoiding pain, focusing on simple pleasures and friendship.

Hobbes

An English philosopher best known for his political philosophy, especially as articulated in his work "Leviathan," where he discusses the structure of society and legitimate government.

Motivational Properties

Attributes of objects, events, or states that can induce an organism to engage in a particular behavior towards achieving a certain goal.

Novelty

Novelty involves the quality of being new, original, or unusual, often sparking interest or curiosity.

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